v3.25.1
Subordinated Debt Securities (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about borrowings [abstract]  
Summary of Subordinated Debt Securities Not Convertible Into Shares Issued Under Global Programs
The Company has the following subordinated debt securities not convertible into shares issued under the Global Programs detailed in Note 27 as of the close of the fiscal year:
CompanyPlacement DateCurrencyON ClassNominal ValueTermMaturity
Date
Rate Book Value
as of 12.31.24(*)
Book Value
as of 12.31.23(*)
Banco de Galicia y Buenos Aires S.A.U.07.19.16US$IIUS$250,000    120 months
(1)
07.19.26
 (2)
288,917,745 486,118,312 
(*)It includes principal and interest.
(1)
Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest.
(2)
Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. to the due date of Debt securities. Such interest shall be payable semiannually on January 19 and July 19 as from 2017.
Summary of Repurchases of Own Subordinated Debt Securities
The repurchases of Own Subordinated Debt securities as of the indicated dates are as follows:
CompanyON ClassNominal Value as of
12.31.23
Book Value(*) as of
12.31.23
Banco de Galicia y Buenos Aires S.A.U.II2,000 5,140,558 
Total
5,140,558